What did President Marcos say about the possibility of a supplemental budget in response to the oil crisis?

President Ferdinand Marcos Jr. stated that his government is considering passing a supplemental budget to help the public cope with the oil crisis, saying, 'We were thinking there might be a supplemental budget,' and citing discussions in a committee formed to mitigate the economic impact of the Iran war.

Why did President Marcos urge the Senate to return to work, and what did he say about its current state?

Marcos urged senators to 'get back to work' because, in his view, the legislature was 'in disarray' due to a two-day impasse, which had 'discredited the leadership' and 'stopped the essential business of legislation in government'; he emphasized that this situation contradicted the administration's goal of achieving stability so people 'can get on with their lives.'

Marcos Says Philippines May Need Extra Budget Amid Oil Shock

Jun 2, 2026

Philippine President Marcos is considering a supplemental budget to mitigate economic impacts from an oil shock linked to regional conflicts. The government aims to address surging inflation in a nation heavily reliant on imported energy resources.

bloomberg

2026-06-02

Marcos Says Philippines May Need Extra Budget Amid Oil Shock

Marcos Says Philippines May Need Extra Budget Amid Oil Shock

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